Vice President, CLO Operations Manager

7 days ago


New York, New York, United States Pacific Investment Management Company Full time
About the Role

Pacific Investment Management Company (PIMCO) is a global leader in active fixed income, with a deep expertise across public and private markets. We invest our clients' capital across a range of fixed income and credit opportunities, leveraging our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world's largest providers of traditional and non-traditional solutions for companies that need financing and investors who seek strong risk-adjusted returns.

Key Responsibilities
  • Assist business during the warehouse ramp-up phase to the CLO securitization phase.
  • Act as a liaison between Portfolio Management, Operations, Legal, Compliance, Accounting, Product Strategy, and Tax on CLO-related inquiries.
  • Negotiate vendor contracts and provide management oversight of outsourced service providers, shadow compliance agents, trustees, and CLO technology partners.
  • Provide operational guidance on deal documents during the drafting process.
  • Attend industry conferences and stay updated on industry trends.
  • Serve as project manager for internal/external software implementations related to the CLO business.
  • Review models created by shadow compliance agents/trustees per indenture.
  • Assist Portfolio Managers in running hypothetical trading analyses to determine asset fit into CLOs based on size, concentration limits, etc., and work with PMs to adjust allocations accordingly.
  • Track subjective portfolio/asset attributes specific to PM views or indentures.
  • Coordinate and oversee warehouse facilities and CLO deal closings, working closely with PMs, underwriters, placement agents, etc., leading up to the closing date.
  • Provide oversight of daily asset, position, and cash reconciliations, ongoing attribute reconciliations with middle office, shadow compliance agents, and trustees.
  • Review and approve monthly/quarterly trustee reports.
  • Attend weekly CLO Management meetings to discuss pipeline, investment opportunities, and management best practices.
Requirements
  • Minimum of a Bachelor's Degree required.
  • 8-12 years of experience managing CLO operations directly on behalf of a collateral warehouse manager or managing an outsourced provider running CLO operations, including hands-on experience with:
    • Managing hypothetical trading processes.
    • Building and reviewing outsourced providers' models for all CLO indenture level tests, criteria, and credit classifications.
    • Selecting or reviewing Cov-Lite, Industry Classifications, and Ratings Agency determinations.
    • Managing CLO warehouse portfolio ramp-up.
  • Full CLO cycle experience - from warehouse to securitization, effective date through post-reinvestment period, and best practices in CLO management.
  • Demonstrated knowledge of the syndicated bank loans market, risk retention compliance, and CLO indentures credit agreement experience.
  • Prior use of CLO operations systems such as WSO Compliance, Sentry, Solvas, Allvue, Moody's Analytics.
  • Excellent written and verbal communication skills, suitable for client meetings.
  • Consistent track record managing CLO operations and managing outsourced providers.
  • Good working knowledge of Excel and Bloomberg is essential.
  • Understanding of SQL and database query tools is desirable.


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